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Doc.  ]STo.  38.]  [Ses.  1858-'9. 

Ordered  to  he  Printed. 

Holden  &  Wilson,  Printers  to  the  State. 


REPORT  OF  THE   PRESIDENT  OF  THE  ATLANTIC 
AND  NORTH-CAROLINA  RAILROAD  COMPANY. 

To  his  Excellency  Governor  Bragg  : 

Sir  :  Having  been  quite  ill,  and  the  Chief  Engineer  of  our 
Road  being  absent,  I  have  only  time  in  reply  to  your  request, 
to  make  a  hasty  statement  of  the  condition  of  the  Atlantic  & 
North-Carolina  Railroad  Company,  and  of  the  present  condi- 
tion of  the  Road  and  works  thereon. 

ASSETS   OF  THE  COMPANY. 

Craven  County  Bonds,     $     32,000 

Individual  Bonds, 29,000 

$     61,000 
Carteret  Connty  subscription,   50,000 

$    111,000 
Balance  due  Gov.  Morehead  on  con- 
tract, including  all  extra  work,   $     20,000 

C.  B.  Wood,   40,000 

Carolina  City,  • 10,000 

70,000         70,000 

$       41,000 

We  have  in  Newborn  and  Goldsboro',  about  $8,000  worth 


~  Document  Ko.  38.  [Session 

real  estate  that  can  be  sold  without  injury  to  the  Company  • 
but  we  owe  about  $17,000  for  two  locomotives.  We  have 
turn  tables  and  passenger  sheds  to  buy  and  build,  which  will 
exhaust  the  $41,000.  However,  I  believe  we  are  now  fairly 
out  of  the  woods,  and  if  we  had  the  $116,000  loss  sustained  on 
State  bonds,  we  could  pay  the  interest  on  the  loan  without 
feeling  it.  As  it  is,  I  do  think  that  interest  should  be  remit- 
ted, at  any  rate  up  to  this  date.  The  discount  on  loan  of  State 
bonds,  was  $50,000 ;  and  I  am  quite  sure  no  one  could  com- 
plain of  the  price  obtained  when  they  were  sold.  Doubtless 
the  proper  course  for  the  State  and  Company  was  pursued  in 
the  disposal.  Mr.  Stanly's  contract  has  been  long  since  set- 
tled and  accounts  balanced.  Mr.  John  C.  Washington  has 
been  paid  nearly  or  quite  up  to  his  contract,  and  his  extra 
work  cannot  exceed  a  few  thousand  dollars.  His  matters  are 
now  in  the  hands  of  a  committee  to  investigate  and  lay  before 
the  Directors.  The  committee  consist  of  Thompson,  of  Wayne, 
Ramsey,  of  Carteret,  Desmond  and  Wooten,  of  Lenoir,  all 
State  Directors — and  the  Treasurer  of  our  Company  and  Chief 
Engineer.  I  think  we  are  in  a  fair  wav  to  settle  our  differ- 
ences  with  Carteret  county,  and  obtain  at  once  a  portion  of 
their  bonds.  It  is  right  that  we  should  calculate  for  a  loss  of 
at  least  10  per  cent,  on  the  bonds  of  the  counties,  as  they  will 
hardly  bring  over  $90.  I  would  sell  at  that  price.  The  indi- 
vidual bonds  mentioned  were  not  given  by  contractors,  but 
are  perfectlj  good  and  available,  and  worth  dollar  for  dollar. 

Works  remaining  unfinished  and  to  be  finished  by  contrac- 
tors : 

3,000  cubic  yards  embankment  at  Morehead  City. 

Culverts  :  to  finish  the  culverts  about  225,000  brick  will  be 
required,  which  are  now  ready  for  delivery. 

Bridges  are  all  completed,  except  the  covering  in  of  Bear 
Creek  and  Stony  Creek,  in  Washington's  contract ;  ware- 
houses at  Mosely  Hall  and  Kinston  ;  the  first  is  framed,  and 
the  latter  frame  being  sawed  and  brick  burned,  which  will  be 
delivered  in  a  few  days.  These  buildings  will  be  in  Wash- 
ington's contract. 

The  warehouse  at  Morehead  City,  most  of  the  lumber  sawed 
and  framing  commenced,  in  Morehead's  contract. 


• 


1858--9.]  Document  No    38.  3 

Works  to  be  finished  by  the  Company  are  not  embraced  in 
contract. 

The  passenger  shed  at  Goldsboro'  will  be  enlarged  for  the 
accommodation  of  our  Road  in  a  few  weeks,  and  will  cost 
about  $2,500. 

Track  to  be  extended  down  Railroad  street  in  Goldsboro', 
from  intersection  of  Wilmington  Road,  and  connected  with 
the  North-Carolina  Railroad  ;  it  will  be  about  one  mile  in 
length  ;   but  all  the  materials  for  it  are  on  hand  and  paid  for. 

The  Trent  River  Bridge  is  not  covered,  but  will  be  covered 
about  the  1st  of  January.     This  work  will  cost  some  $8,000. 

Embankments  to  be  made  by  Company  at  leisure  time, 
about  5,000  cubic  yards  along  line  of  Road — cost  say,  $3,000. 
This  work  can  be  postponed  for  a  while  ;  but  it  is  best  not  to 
neglect  it  too  long.  Therefore,  as  soon  as  we  get  the  locomo- 
tives out  of  the  hands  of  the  contractors,  a  train  will  be  used 
for  the  filling  in,  &c.  There  is  not  a  foot  of  trestle  on  the 
Road,  from  Goldsboro'  to  Beaufort  harbor. 

We  have  no  carpenter  shop  ;  one  can  be  constructed  for  a 
very  small  sum  of  money.  But  it  would  be  advisable  to  build 
one  entirely  fire  proof;   therefore,  it  would  cost  $5,000. 

A  wooden  building  could  be  put  up  for  800  or  $1,000  ;  but 
it  might  burn  $10,000  worth  of  cars.  This  building  can,  and 
will  be,  postponed  at  present. 

It  will  be  necessary  to  construct  one  or  two  additional  wa- 
ter stations  in  the  course  of  a  year  along  the  Road. 

This  work  would  finish  everything  up,  with  the  exception 
of  passenger  sheds  at  Morehead  City ;  but  as  it  is  doubtful 
where  to  place  it,  only  a  temporary  one  will  be  erected  at 
present. 

I  close  this  statement  with  the  expression  of  my  regret  that 
I  had  not  more  time,  and  the  aid  of  the  Engineer  and  Trea- 
surer of  the  Company,  which  would  have  enabled  me  to  pre- 
sent a  fuller  and  more  accurate  report ;  but  the  statements  I 
have  given  to  you,  are  substantially  correct. 
Very  respectfully, 

JOHN  D.  WHITFORD, 
Pratt  At.  &  M.  C.  R.  R.  Cornp. 


UNIVERSITY  OF  N.C.  AT  CHAPEL  HILL 


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